Jarislowsky, Fraser Ltd
- SEC CIK
- 0001123778
- Latest filing
- Oct 21, 2025
Holdings changes from Q4 2024 to Q1 2025
Long positions only; new, added, reduced and sold out are based on share counts. Pick any two quarters this institution filed.
- New
- 3
- Est. +$170.3M
- Added
- 33
- Est. +$929.6M
- Reduced
- 119
- Est. −$1.83B
- Sold out
- 7
- Est. −$33.1M
Portfolio value went from $17.1B to $16.0B (−$1.14B (−6.7%)); positions from 189 to 185 (−4).
All Q1 2025 holdingsAll Q4 2024 holdings
In the shares, value and % of portfolio columns, the top figure is Q1 2025 and the gray one below is Q4 2024. For stocks that split between the two quarters, Q4 2024 shares are converted at the split ratio before comparing.
| Security | Action | Shares | Share change | Value | Est. bought or sold | % of portfolio | Weight change (pp) |
|---|---|---|---|---|---|---|---|
| CNICanadian National Railway Co | AddedHistory | 9,216,4599,159,075 | +57,384+0.6% | $896.8M$926.6M | +$5.58M | 5.6%5.4% | +0.20 |
| BNBROOKFIELD Corp | ReducedHistory | 15,845,43518,297,896 | −2,452,461−13.4% | $829.1M$1.05B | −$128.3M | 5.2%6.1% | −0.95 |
| TDToronto Dominion Bank | AddedHistory | 12,127,5891,472,075 | +10,655,514+723.8% | $726.6M$78.3M | +$638.4M | 4.6%0.5% | +4.10 |
| BMOBank of Montreal | ReducedHistory | 6,549,5596,711,773 | −162,214−2.4% | $625.4M$651.3M | −$15.5M | 3.9%3.8% | +0.11 |
| CAECae Inc | ReducedHistory | 23,187,82823,994,091 | −806,263−3.4% | $570.0M$606.7M | −$19.8M | 3.6%3.5% | +0.02 |
| TRIThomson Reuters Corp | ReducedHistory | 3,266,5943,353,428 | −86,834−2.6% | $563.6M$536.7M | −$15.0M | 3.5%3.1% | +0.39 |
| TRPTC Energy Corp | ReducedHistory | 11,500,31911,797,379 | −297,060−2.5% | $543.0M$549.5M | −$14.0M | 3.4%3.2% | +0.19 |
| MSFTMicrosoft Corp | AddedHistory | 1,443,9831,371,654 | +72,329+5.3% | $542.1M$572.7M | +$27.2M | 3.4%3.3% | +0.05 |
| OTEXOpen Text Corp | AddedHistory | 20,626,53818,547,256 | +2,079,282+11.2% | $520.5M$522.9M | +$52.5M | 3.3%3.1% | +0.20 |
| STNStantec Inc | AddedHistory | 5,640,4664,997,846 | +642,620+12.9% | $467.5M$390.6M | +$53.3M | 2.9%2.3% | +0.64 |
| FNVFranco Nevada Corp | ReducedHistory | 2,864,7933,219,986 | −355,193−11.0% | $450.5M$376.8M | −$55.9M | 2.8%2.2% | +0.62 |
| GIBCgi Inc | ReducedHistory | 4,263,9454,341,175 | −77,230−1.8% | $425.6M$473.2M | −$7.71M | 2.7%2.8% | −0.10 |
| QSRRestaurant Brands International Inc. | ReducedHistory | 6,225,0396,330,904 | −105,865−1.7% | $414.9M$410.9M | −$7.06M | 2.6%2.4% | +0.20 |
| SHOPShopify Inc. | ReducedHistory | 3,999,8104,116,015 | −116,205−2.8% | $380.5M$436.2M | −$11.1M | 2.4%2.6% | −0.17 |
| AMZNAmazon Com Inc | ReducedHistory | 1,966,4552,009,385 | −42,930−2.1% | $374.1M$436.0M | −$8.17M | 2.3%2.6% | −0.21 |
| UNHUnitedHealth Group Inc | ReducedHistory | 595,533607,582 | −12,049−2.0% | $311.9M$304.7M | −$6.31M | 2.0%1.8% | +0.17 |
| MAMastercard Inc | ReducedHistory | 568,326610,962 | −42,636−7.0% | $311.5M$318.8M | −$23.4M | 2.0%1.9% | +0.09 |
| GILGildan Activewear Inc. | ReducedHistory | 6,963,0628,773,086 | −1,810,024−20.6% | $307.8M$411.2M | −$80.0M | 1.9%2.4% | −0.48 |
| ABTAbbott Laboratories | ReducedHistory | 2,169,7172,262,391 | −92,674−4.1% | $287.8M$254.0M | −$12.3M | 1.8%1.5% | +0.32 |
| FISVFiserv Inc | ReducedHistory | 1,228,2101,358,882 | −130,672−9.6% | $271.2M$279.1M | −$28.9M | 1.7%1.6% | +0.07 |
| DSGXDescartes Systems Group Inc | ReducedHistory | 2,649,7592,706,032 | −56,273−2.1% | $266.7M$306.2M | −$5.66M | 1.7%1.8% | −0.12 |
| CIGIColliers International Group Inc. | ReducedHistory | 2,002,5832,044,558 | −41,975−2.1% | $242.3M$277.1M | −$5.08M | 1.5%1.6% | −0.10 |
| JPMJPMorgan Chase & Co | ReducedHistory | 946,315972,123 | −25,808−2.7% | $232.1M$233.0M | −$6.33M | 1.5%1.4% | +0.09 |
| BSXBoston Scientific Corp | ReducedHistory | 2,271,5392,519,272 | −247,733−9.8% | $229.2M$222.8M | −$25.0M | 1.4%1.3% | +0.13 |
| RYRoyal Bank of Canada | ReducedHistory | 1,997,0392,019,759 | −22,720−1.1% | $224.9M$243.4M | −$2.56M | 1.4%1.4% | −0.01 |
| CPRTCopart Inc | ReducedHistory | 3,781,0003,865,070 | −84,070−2.2% | $214.0M$219.7M | −$4.76M | 1.3%1.3% | +0.06 |
| PEPPepsiCo Inc | ReducedHistory | 1,299,0041,353,630 | −54,626−4.0% | $194.8M$204.5M | −$8.19M | 1.2%1.2% | +0.02 |
| ORCLOracle Corp | ReducedHistory | 1,359,0111,391,121 | −32,110−2.3% | $190.0M$229.8M | −$4.49M | 1.2%1.3% | −0.15 |
| BDXBecton Dickinson & Co | ReducedHistory | 825,613862,836 | −37,223−4.3% | $189.1M$193.9M | −$8.53M | 1.2%1.1% | +0.05 |
| GOOGLAlphabet Inc. | ReducedHistory | 1,207,3551,349,673 | −142,318−10.5% | $186.7M$251.7M | −$22.0M | 1.2%1.5% | −0.30 |
| GOOGAlphabet Inc. | ReducedHistory | 1,159,3361,243,510 | −84,174−6.8% | $181.1M$236.8M | −$13.2M | 1.1%1.4% | −0.25 |
| IBKRInteractive Brokers Group, Inc. | ReducedHistory | 1,068,6721,239,524 | −170,852−13.8% | $177.0M$216.8M | −$28.3M | 1.1%1.3% | −0.16 |
| TFIITFI International Inc. | NewHistory | 2,172,0190 | +2,172,019 | $168.1M$0 | +$168.1M | 1.1%0.0% | +1.05 |
| ACNAccenture plc | ReducedHistory | 537,486542,896 | −5,410−1.0% | $167.7M$191.0M | −$1.69M | 1.1%1.1% | −0.07 |
| IQVIQVIA Holdings Inc. | ReducedHistory | 708,480719,874 | −11,394−1.6% | $124.9M$140.3M | −$2.01M | 0.8%0.8% | −0.04 |
| SHWSherwin Williams Co | ReducedHistory | 355,922365,322 | −9,400−2.6% | $124.3M$123.4M | −$3.28M | 0.8%0.7% | +0.06 |
| BRK.BBerkshire Hathaway Inc | ReducedHistory | 231,154232,962 | −1,808−0.8% | $123.1M$105.6M | −$962.9K | 0.8%0.6% | +0.15 |
| HDBHDFC Bank Ltd | AddedHistory | 1,768,8771,698,012 | +70,865+4.2% | $117.5M$108.4M | +$4.71M | 0.7%0.6% | +0.10 |
| DHRDanaher Corp | ReducedHistory | 561,918570,323 | −8,405−1.5% | $115.2M$129.9M | −$1.72M | 0.7%0.8% | −0.04 |
| TJXTJX Companies Inc | ReducedHistory | 891,802932,188 | −40,386−4.3% | $108.6M$111.1M | −$4.92M | 0.7%0.6% | +0.03 |
| ADSKAutodesk, Inc. | ReducedHistory | 413,038414,120 | −1,082−0.3% | $108.1M$122.4M | −$283.3K | 0.7%0.7% | −0.04 |
| MFCManulife Financial Corp | ReducedHistory | 3,444,72016,160,979 | −12,716,259−78.7% | $107.3M$494.7M | −$396.2M | 0.7%2.9% | −2.22 |
| AMEAmetek Inc | ReducedHistory | 623,309629,766 | −6,457−1.0% | $107.3M$112.5M | −$1.11M | 0.7%0.7% | +0.01 |
| METAMeta Platforms, Inc. | ReducedHistory | 175,985182,223 | −6,238−3.4% | $101.4M$106.7M | −$3.60M | 0.6%0.6% | +0.01 |
| MDLZMondelez International, Inc. | AddedHistory | 1,412,4901,291,561 | +120,929+9.4% | $95.8M$75.8M | +$8.21M | 0.6%0.4% | +0.16 |
| BNSBank of Nova Scotia | ReducedHistory | 1,973,64011,750,934 | −9,777,294−83.2% | $93.6M$628.3M | −$463.5M | 0.6%3.7% | −3.09 |
| CBChubb Ltd | ReducedHistory | 290,438456,532 | −166,094−36.4% | $87.7M$126.1M | −$50.2M | 0.5%0.7% | −0.19 |
| GWREGuidewire Software, Inc. | ReducedHistory | 451,560534,615 | −83,055−15.5% | $84.6M$88.4M | −$15.6M | 0.5%0.5% | +0.01 |
| TSMTaiwan Semiconductor Manufacturing Co Ltd | AddedHistory | 502,410243,958 | +258,452+105.9% | $83.4M$48.2M | +$42.9M | 0.5%0.3% | +0.24 |
| JNJJohnson & Johnson | ReducedHistory | 478,573488,573 | −10,000−2.0% | $79.4M$70.7M | −$1.66M | 0.5%0.4% | +0.08 |
| OZKBank OZK | ReducedHistory | 1,799,3901,854,885 | −55,495−3.0% | $78.2M$81.3M | −$2.41M | 0.5%0.5% | +0.01 |
| ENBEnbridge Inc | ReducedHistory | 1,753,0811,791,976 | −38,895−2.2% | $77.6M$76.0M | −$1.72M | 0.5%0.4% | +0.04 |
| CDNSCadence Design Systems Inc | AddedHistory | 296,137284,470 | +11,667+4.1% | $75.3M$85.5M | +$2.97M | 0.5%0.5% | −0.03 |
| AVGOBroadcom Inc. | AddedHistory | 439,5422,000 | +437,542+21,877.1% | $73.6M$463.7K | +$73.3M | 0.5%<0.1% | +0.46 |
| PGProcter & Gamble Co | ReducedHistory | 424,738429,274 | −4,536−1.1% | $72.4M$72.0M | −$773.0K | 0.5%0.4% | +0.03 |
| DEODiageo PLC | ReducedHistory | 608,843623,534 | −14,691−2.4% | $63.8M$79.3M | −$1.54M | 0.4%0.5% | −0.06 |
| MNSTMonster Beverage Corp | ReducedHistory | 1,082,3291,114,307 | −31,978−2.9% | $63.3M$57.3M | −$1.87M | 0.4%0.3% | +0.06 |
| SITESiteOne Landscape Supply, Inc. | ReducedHistory | 507,192517,019 | −9,827−1.9% | $61.6M$68.1M | −$1.19M | 0.4%0.4% | −0.01 |
| RELXRELX PLC | ReducedHistory | 1,166,8221,202,753 | −35,931−3.0% | $58.8M$54.6M | −$1.81M | 0.4%0.3% | +0.05 |
| CMECME Group Inc. | ReducedHistory | 201,612223,879 | −22,267−9.9% | $53.5M$52.0M | −$5.91M | 0.3%0.3% | +0.03 |
| AFGAmerican Financial Group Inc | ReducedHistory | 368,823386,973 | −18,150−4.7% | $48.4M$51.1M | −$2.38M | 0.3%0.3% | 0.00 |
| Cyberark Software LtdM2682V108 | Added– | 142,749140,653 | +2,096+1.5% | $48.2M$46.9M | +$708.4K | 0.3%0.3% | +0.03 |
| COSTCostco Wholesale Corp | ReducedHistory | 47,40450,786 | −3,382−6.7% | $44.8M$46.5M | −$3.20M | 0.3%0.3% | +0.01 |
| PEGPublic Service Enterprise Group Inc | ReducedHistory | 529,213541,507 | −12,294−2.3% | $43.6M$45.8M | −$1.01M | 0.3%0.3% | +0.01 |
| CLColgate Palmolive Co | ReducedHistory | 452,965465,390 | −12,425−2.7% | $42.4M$42.3M | −$1.16M | 0.3%0.2% | +0.02 |
| ASMLASML Holding NV | AddedHistory | 60,40158,643 | +1,758+3.0% | $40.0M$40.6M | +$1.16M | 0.3%0.2% | +0.01 |
| ULUnilever PLC | ReducedHistory | 657,459664,094 | −6,635−1.0% | $39.2M$37.7M | −$395.1K | 0.2%0.2% | +0.03 |
| CACCCredit Acceptance Corp | ReducedHistory | 69,63273,135 | −3,503−4.8% | $36.0M$33.1M | −$1.81M | 0.2%0.2% | +0.03 |
| SAPSAP SE | ReducedHistory | 121,414125,620 | −4,206−3.3% | $32.6M$30.9M | −$1.13M | 0.2%0.2% | +0.02 |
| VRSKVerisk Analytics, Inc. | ReducedHistory | 102,471114,091 | −11,620−10.2% | $30.5M$31.4M | −$3.46M | 0.2%0.2% | +0.01 |
| PGRProgressive Corp | ReducedHistory | 91,21295,856 | −4,644−4.8% | $25.8M$22.2M | −$1.31M | 0.2%0.1% | +0.03 |
| SFBSServisFirst Bancshares, Inc. | ReducedHistory | 302,146316,675 | −14,529−4.6% | $25.0M$25.8M | −$1.20M | 0.2%0.2% | +0.01 |
| SPYSPDR S&P 500 ETF Trust | AddedHistory | 44,23342,263 | +1,970+4.7% | $24.7M$24.8M | +$1.10M | 0.2%0.1% | +0.01 |
| AXAxos Financial, Inc. | ReducedHistory | 383,295404,939 | −21,644−5.3% | $24.7M$28.3M | −$1.40M | 0.2%0.2% | −0.01 |
| ALCAlcon Inc | ReducedHistory | 235,401238,082 | −2,681−1.1% | $22.3M$20.2M | −$254.5K | 0.1%0.1% | +0.02 |
| LCIILci Industries | ReducedHistory | 229,547239,455 | −9,908−4.1% | $20.1M$23.8M | −$866.3K | 0.1%0.1% | −0.01 |
| ADPAutomatic Data Processing Inc | ReducedHistory | 64,40966,564 | −2,155−3.2% | $19.7M$19.5M | −$658.4K | 0.1%0.1% | +0.01 |
| ABBVAbbVie Inc. | ReducedHistory | 92,29399,228 | −6,935−7.0% | $19.3M$17.6M | −$1.45M | 0.1%0.1% | +0.02 |
| PBAPembina Pipeline Corp | ReducedHistory | 454,099456,629 | −2,530−0.6% | $18.2M$16.9M | −$101.2K | 0.1%0.1% | +0.02 |
| LLYEli Lilly & Co | ReducedHistory | 21,92222,762 | −840−3.7% | $18.1M$17.6M | −$693.8K | 0.1%0.1% | +0.01 |
| XOMExxonMobil Holdings Corp | ReducedHistory | 146,147167,711 | −21,564−12.9% | $17.4M$18.0M | −$2.56M | 0.1%0.1% | 0.00 |
| ZTSZoetis Inc. | ReducedHistory | 84,53585,714 | −1,179−1.4% | $13.9M$14.0M | −$194.1K | 0.1%0.1% | +0.01 |
| MELIMercadolibre Inc | AddedHistory | 6,1093,249 | +2,860+88.0% | $11.9M$5.52M | +$5.58M | 0.1%<0.1% | +0.04 |
| AAPLApple Inc. | AddedHistory | 52,80052,703 | +97+0.2% | $11.7M$13.2M | +$21.5K | 0.1%0.1% | 0.00 |
| SESea Ltd | AddedHistory | 89,78372,283 | +17,500+24.2% | $11.7M$7.67M | +$2.28M | 0.1%<0.1% | +0.03 |
| TCOMTrip.com Group Ltd | AddedHistory | 171,272136,222 | +35,050+25.7% | $10.9M$9.35M | +$2.23M | 0.1%0.1% | +0.01 |
| TFPMTriple Flag Precious Metals Corp. | ReducedHistory | 547,632570,183 | −22,551−4.0% | $10.5M$8.56M | −$431.4K | 0.1%0.1% | +0.02 |
| NTRNutrien Ltd. | ReducedHistory | 195,221205,584 | −10,363−5.0% | $9.69M$9.19M | −$514.2K | 0.1%0.1% | +0.01 |
| TUTelus Corp | ReducedHistory | 646,809728,668 | −81,859−11.2% | $9.28M$9.87M | −$1.17M | 0.1%0.1% | 0.00 |
| BAPCredicorp Ltd | AddedHistory | 46,66038,551 | +8,109+21.0% | $8.69M$7.07M | +$1.51M | 0.1%<0.1% | +0.01 |
| BKNGBooking Holdings Inc. | ReducedHistory | 1,8301,863 | −33−1.8% | $8.43M$9.26M | −$152.0K | 0.1%0.1% | 0.00 |
| CMCSAComcast Corp | ReducedHistory | 200,236224,201 | −23,965−10.7% | $7.39M$8.41M | −$884.3K | <0.1%<0.1% | 0.00 |
| HLNHaleon plc | AddedHistory | 705,398697,108 | +8,290+1.2% | $7.26M$6.65M | +$85.3K | <0.1%<0.1% | +0.01 |
| NUNu Holdings Ltd. | AddedHistory | 665,211554,731 | +110,480+19.9% | $6.81M$5.75M | +$1.13M | <0.1%<0.1% | +0.01 |
| YUMCYum China Holdings, Inc. | ReducedHistory | 126,479127,699 | −1,220−1.0% | $6.58M$6.15M | −$63.5K | <0.1%<0.1% | +0.01 |
| iShares Tr464288646 | –– | –– | – | $6.57M$2.93M | – | <0.1%<0.1% | +0.02 |
| NVSNovartis AG | AddedHistory | 54,14753,492 | +655+1.2% | $6.04M$5.21M | +$73.0K | <0.1%<0.1% | +0.01 |
| CVXChevron Corp | AddedHistory | 34,43834,417 | +21+0.1% | $5.76M$4.98M | +$3.51K | <0.1%<0.1% | +0.01 |
| INFYInfosys Ltd | AddedHistory | 312,001267,301 | +44,700+16.7% | $5.69M$5.86M | +$815.8K | <0.1%<0.1% | 0.00 |
| NVONovo Nordisk A S | AddedHistory | 80,37377,441 | +2,932+3.8% | $5.58M$6.66M | +$203.6K | <0.1%<0.1% | 0.00 |
Estimated amounts multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares): new positions use this quarter's value and sold-out positions last quarter's; positions reported only as principal (PRN) cannot be estimated. 13F shows only quarter-end holdings, not when trades happened or at what price.